That doesn’t mean they are cheap though. Directors renumeration increased from £13,000 in 2013 to £472,000 last year, likely contributing to its pre-tax loss of £907,000.

They have cash in the bank, but they are not exactly a big player in the oil and gas world.

3) Their chairman has made bold claims before

Given that the firm is not promising investors a resource or a reserve, the credibility of their geological analysis matters.

The company’s chairman, and 5% shareholder, David Lenigas is also “Executive Chairman of Rare Earth Minerals Plc, and AfriAg Plc, and a director on various other AIM listed companies,” according to the firm — but is not a favourite of the financial press.